Comments
The all India Consumer Price Index for Industrial Workers (CPI-IW) for July has seen an increase by 1.1 points and stood at 122.8.
Compared with June, the increase is 0.90 per cent and when compared with July 2020, the increase is 1.20 per cent.
The Labour Bureau, an attached office of the Ministry of Labour & Employment, released July’s data on the basis of retail prices collected from 317 markets spread over 88 industrially important centres.
Miscellaneous groups
“The maximum upward pressure in current index came from miscellaneous group contributing 0.42 percentage points to the total change.
At item level, dairy milk, poultry, mango, carrot, cauliflower, onion, tomato, cooking gas and medicines contributed to the increase along with petrol prices and bus, rail and auto fares.
“However, this increase was largely checked by fresh fish, edible oil, pomegranate, lemon, etc. putting downward pressure on the index,” the Bureau said in a release.
At Centre level, Yamunanagar recorded maximum increase of 4.7 points followed by Goa (3.7), Nagpur (3.6) and Belgaum (3).
Year-on-year inflation
Year-on-year inflation for July stood at 5.27 per cent compared to 5.57 per cent for June and 5.33 per cent during July 2020.
Food inflation stood at 4.91 per cent against 5.61 per cent of June and 6.38 per cent during July 2020.
The Labour Ministry added that the moderation in inflation will result into increase in purchasing power in the hands of working class families.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.